According to a recent market study published by Growth Market Reports (GMR), titled, "US Residential Luxury Bedding Market by product types, by materials, by price ranges, by sales channels, by bed-sizes, by end-users, and by sub-regions: Size, Share, Trends and Opportunity Analysis, 2018-2028", the market was valued at USD 425.7 Million in 2020 and is expected to grow at a rate of 3.1% by the year 2027. The US residential luxury bedding market is anticipated to grow significantly during the forecast period. High purchase of luxury bedding due to rising use of organic materials, increasing presence of luxury bedding products along with different functional benefits, high popularity of e-commerce, and sustainability concerns regarding synthetic fibers are some of the factors contributing to the market growth.

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The US residential luxury bedding market has been segmented into product types, materials, price ranges, sales channels, bed-sizes, end-users, and sub-regions. In terms of product types, the US residential luxury bedding market is segmented into bedding set, bed sheets, duvets, blankets & quilts, down covers, protectors, pillow covers, and others. Based on material types, the US residential luxury bedding market is segmented into cotton, silk, linen, wool, rayon, polyester, organic material, and others.

On the basis of price range, the US residential luxury bedding market is segmented into low, medium, and high/premium. Based on sales channels, the US residential luxury bedding is segmented into online and offline. The online channel is further segmented into company-owned websites and e-commerce websites. The offline channel is sub-segmented into specialty stores, hypermarkets/supermarkets, and others. On the basis of bed sizes, the US residential luxury bedding is segmented into twin, twin XL, full, queen, king, and others. On the basis of end-users, the US residential luxury bedding is segmented into kids, adults, and teenagers. In terms of sub-regions, the US residential luxury bedding market is categorized as West, Midwest, Northeast, Southeast, and Southwest.

Presence of luxury bedding products along with the functional benefits is aiding its performance in the industry, indicating a surge in the demand for residential luxury bedding products. Luxury sheets and bedding induce deep slumber, as they are less abrasive to touch and soft, due to efficient weaving, ample threads, and rawness of the materials.

People with allergies and symptoms such as eczema often obtain relief by using luxury sheets. Luxury bedding has high air permeability and heat conductivity properties, which makes it a breathable fabric and helps in keeping warm in winters and cool in summers. Moreover, linkage between quality sleep and a healthy mind and body developed the need for investing in luxury bedding products, which is expected to drive the market.

Covid-19 pandemic has impacted the residential luxury bedding market in a number of significant ways. Consumers affected by the pandemic are more likely to look for a new luxury bed, mainly a king-sized bed, and they are more likely to purchase sleep accessories like pillows, sheets, mattress pads and mattress protectors.

Key Takeaways from the Study

  • The market in the Midwest held a significant share of the market in 2020 and is anticipated to expand at a significant CAGR during the forecast period.
  • The bedding set segment is projected to account for a significant share of the market during the forecast period, due to increasing investments in luxury bedding sets, as importance is being linked to quality sleep and healthy mind and body.
  • The cotton segment of the residential luxury bedding market is expected to expand at a rapid pace during the forecast period, due to increasing demand for cotton fabrics used in luxury bedding products.
  • The high/premium price range segment is likely to expand during the forecast period, as premium and luxury range of bedding provides high comfort levels, bedcovers, and sheets that are soft and made from deluxe fabrics.
  • The online segment is expanded at a significant pace in the last few years due to increasing internet penetration in various countries.
  • The adults’ segment is anticipated to grow at a rapid pace, due to rising preference of double beds by adults for their bedroom and thus increasing the requirement for residential luxury bedding.

Report Scope

Report Metric

Details

Market Value in 2020

USD 425.7 Million

Market Growth Rate (from 2020 to 2027)

3.1%

Historical Data

2018 & 2019

Base Year

2020

Forecast Period

2021 – 2028

Market Segments

Product Types, Materials, Price Ranges, Sales Channels, Bed-sizes, End-users, and Sub-regions.

Region Scope

West, Midwest, Northeast, Southeast, and Southwest.

Key Companies Profiled

Serena & Lily Inc., Peacock Alley, CRANE & CANOPY INC., BEDLAM, Parachute Home, Boll & Branch LLC, Frette, Brooklinen, Linoto, Cultiver Goods Pty Ltd., Williams Sonoma Inc, Crate & Barrel, WestPoint, and Pacific Coast.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Demand Side: Textile industries, bedding industries, luxury bedding products manufacturing, and others.
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies. Associations and Industry Bodies: Consumer Product Safety Commission (CPSC), and others.